IDB backs large infrastructure and natural resource projects in Latin America and the Caribbean

March 25, 2011
$5.4 billion in financing mobilized in the past four years for the region The Inter-American Development Bank (IDB) has provided $2.6 billion in loans to finance key private sector infrastructure and natural resource projects in Latin America and the Caribbean over the past four years and it has mobilized another $2.8 billion in financing for the region through its syndication program.

Improving the business climate in the Caribbean

March 25, 2011
Several IDB programs are helping the region diversify its economy and attract new investments The Inter-American Development Bank (IDB) is financing several programs to improve the business environment, foster diversification and enhance competitiveness in the Caribbean.

IDB expects to provide more than $500 million to help Latin America and Caribbean prepare for natural disasters

March 10, 2011
Financial disaster preparedness is a growing concern in Latin America and the Caribbean. Last year the region saw devastating earthquakes in Chile and Haiti and an active hurricane season that impacted Central America and Mexico. In addition, the La Niña-related weather phenomenon has brought severe flooding to Venezuela, Colombia and Brazil, among others.

Latin America and the Caribbean see slower growth in next four years

March 19, 2009
Latin American and Caribbean leaders expect per capita income to fall or grow moderately in the 2009–2012  period and governments to rely more on financing from international institutions, according to a survey by the Inter-American Development Bank (IDB). The expectations contrast sharply with the recent economic performance in the region, where product per capita grew 4.1 percent annually in the past five years.

The IDB, a partner of Colombia in development

March 17, 2009
Since the mid-1990s the Inter-American Development Bank (IDB) has been the leading source of multilateral financing for Colombia. Over the last 50 years, the IDB has approved more than US$14.8 billion in loans and non-refundable technical cooperation projects for Colombia. Throughout its history, the IDB has supported the Colombian government and private sector in key development areas such as infrastructure, state modernization and reform, small and medium enterprise, agriculture, energy, climate change and environmental protection.

Venture capital for low-income markets

February 26, 2009
Investing in housing, healthcare, education, basic utilities and nutrition can not only fulfill a social mission, but it can also be a profitable business venture. This is the concept of IGNIA Fund, which will channel venture capital resources to fund commercially viable growth companies serving the “base of the pyramid,” those persons in Latin America and the Caribbean earning less than $3,260 a year. The IGNIA Fund selects projects with the potential to be expanded on a larger scale, thereby increasing the social and economic impact.

Dominican Women Lead Lending

December 26, 2007
ADOPEM, winner of last year’s Inter-American Award for Excellence in Microenterprise Development for Non Regulated Institutions, can truly be called a leader. A member of the Women’s World Banking network, the NGO serves nearly half of all the microcredit borrowers in the Dominican Republic. ADOPEM, the Dominican Association for the Development of Women, was founded in 1982 to improve women’s living standards and opportunities in the workforce. Through disciplined management and planning, it has expanded to become an institu-tion with 10 branch offices (in the Dominican Repub-

The Arts of the Caribbean

August 24, 2007
A selection of 39 artworks by recognized Caribbean artists will be on display in a new art exhibit at the IDB. This vibrant exhibit coming from a collection of two thousand works, of the Organization of American States (OAS) Art Museum of the Americas, features paintings, sculptures, drawings, engravings and photographs by masters such as Amelia Peláez, Juan José Sicre and Mario Carreño. The selection centers on countries that represent the Spanish, English, French and Dutch speaking Caribbean, offering a broad perspective of the region.

A hand up for small and medium-sized businesses in Central America, Panama and the Dominican Republic

January 26, 2007
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, will launch FINPYME (Financiación Innovadora de PYME), an innovative program for financing small and medium-size companies, in five Central American countries, Panama, and the Dominican Republic starting February 1. The initiative seeks to improve access to financing for smaller companies

Video art mirrors Latin American socioeconomic issues

December 04, 2006
The IDB Cultural Center opens its Third Inter-American Biennial of Video Art Exhibit on December 4 to broaden the discussion of economic and social issues in Latin America and the Caribbean through the creative channel of video art and documentaries.  This new video art exhibit, which runs through January 19, displays a great deal of diversity and offers different visions of current issues in the region, ranging from  faulty social policies and chaotic cities to ecological disasters.